Financial Results : Ghida Al-Sultan’s H1 2022 profit rises 10% to SAR 7.2 mln

Ghida Al-Sultan’s H1 2022 profit rises 10% to SAR 7.2 mln

19/02/2023 Argaam Exclusive

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Ghida Al-Sultan Co., which is currently under listing on Nomu-Parallel Market, reported a net profit of SAR 7.2 million for H1 2022, an increase of 10%, from SAR 6.5 million in a year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬


Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 44.46 67.11 50.9 %
Gross Income 16.60 28.18 69.8 %
Operating Income 6.94 7.49 7.9 %
Net Income 6.51 7.15 9.7 %
Average Shares 3.20 3.20 -
EPS (Riyals) 2.04 2.23 9.7 %

This profit rise was driven by a revenue jump of 51% year-on-year (YoY), and an increase in other revenue to SAR 362,000 in H1 2022 from SAR 81,000 in the same period of 2021.

 

The company’s gross profit margin rose to 42%, from 37% in the year-earlier period.  

 

Total shareholders’ equity, excluding minority interest, reached SAR 45.43 million by the end of June 30, 2022, compared to SAR 37.93 million in a year-earlier period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 44.46 - 16.60 - 6.94 -
H2 2021 62.62 - 26.99 - 9.10 -
H1 2022 67.11 50.9 % 28.18 69.8 % 7.49 7.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 6.51 - 2.04 - 6.51 2.04
H2 2021 8.75 - 2.74 - 8.75 2.74
H1 2022 7.15 9.7 % 2.23 - 7.15 2.23

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 40.70 % 21.03 % 14.26 %
H1 2022 42.53 % 18.76 % 12.26 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 3.20 - - 11.85
H2 2021 3.20 4.77 4.77 14.58
H1 2022 3.20 4.97 4.97 14.20

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -


Financial Ratios
Current
Market Cap (M Riyal) 166.40
Enterprise Value (EV) (M) 156.94
Shares Outstanding ((M)) 3.20
Book Value (BV) ( Riyal) 18.75
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.80
Price/book 2.77
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Share Price

Ghida Alsultan for Fast Food Co.
52.00
0.00 0.00 %

Ghida Alsultan for Fast Food Co. (GHIDA ALSULTAN)

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